NEW YORK and PARIS: Three agency holding companies have released their 2004 second quarter results, with two showing increased revenues and one showing declining revenues.
Interpublic reported this past Thursday a global net loss for the second quarter of this year, though the loss dropped to $5.4 million from $13.5 million in last year's second quarter.
Global revenue increased 3% to $1.54 billion from $1.49 billion in Q2 2003.
The agency holding company also reported 3.1% US revenue growth to $860.9 million from $835.4 million in 2003's second quarter. It did not break out the US net income or loss.
IPG blamed Sarbanes-Oxley compliance for at least some of its disappointing margin.
On a sunnier note, David Bell, IPG CEO and president, said in a statement, "A number of our companies - in advertising, CRM, and PR - posted strong top-line domestic results."
IPG's PR firms include Weber Shandwick, Golin Harris, MWW Group, and DeVries.
None of the three holding companies broke out the numbers for their PR agencies.
Paris-based Havas reported on Tuesday second quarter revenue of $472.6 million, down from $522.4 million a year ago.
The company attributed the drop to "a significant change in the euro/dollar exchange rate and structural change due to the sale or closure of certain companies."
Havas' North America second quarter revenues fell to $186.5 million from Q2 2003 revenues of $219.2 million.
The company's PR properties include Euro RSCG Magnet, Euro RSCG Life NRP, and Abernathy MacGregor.
Publicis Groupe, based in Par-is, said July 29 that its revenues rose slightly to $1.18 billion, compared with $1.16 billion in the second quarter of last year.
At $506.6 million, North American operations were responsible for nearly half of Publicis' second quarter revenues.
Publicis' PR agencies include Publicis Dialog, Publicis Consultants, MS&L, and Rowland Communications.